Imagine yourself living in a beautiful country where all your living expenses are covered under $900. Sounds amazing? It’s true! These are the ten cheapest countries to live in where all your basic living needs can be fulfilled under $1,000.
These countries are not just inexpensive but also offer glorious places to explore. So, you can build your dreams without being afraid of budget.
Based on accommodation and other living expenses, we have shortlisted the top 10 world’s best yet cheapest countries to live in. From far Eastern waves to tropical wonders in the Central USA, these countries are perfect for someone who loves solitary. Gauge through the quick list of the cheapest countries to live in the world!
- Indonesia – $340
- Bolivia – $431
- Nepal – $450
- Vietnam – $500
- Argentina – $542
- Peru – $543
- Mexico – $587
- Malaysia – $588
- Thailand – $679
- Cambodia – $812
World’s Top 10 Cheapest Countries to Live In
The following countries and cost of living have been shortlisted after in-depth research from various sources over the Internet, including BestPlaces.net, Wealthy Gorilla, and Wikipedia. Also, the cost of living given is for singles!
Let’s check out the cheapest countries to live in:
10. Cambodia
The average cost of living in Cambodia is approx $812 a month, yet it is the costliest country on our list. Located in SouthEast Asia, Cambodia is one of the cheapest countries to live in. Span across 181,035 kilometers, “The Kingdom of Cambodia” shares its borders with Thailand, Laos, Vietnam, and The Gulf of Thailand.
Currency: Riel (KHR)
Cheapest City: Sihanoukville
Cost of Living: Housing: $246, Food: $270, Transportation: $100, Entertainment: $100, and others
9. Thailand
Ninth among the cheapest countries to live in, Thailand is perfect in all aspects. It covers 513120 kilometers and is the fifth largest country in the world, with a total population of just 69 million people. That’s great! Chiang Mai in Thailand is also ranked among the cheapest cities to live in the world.
Currency: Thai Baht
Cheapest City: Chiang Mai
Cost of Living: Housing: $199, Food: $201, Transportation: $80, Entertainment: $70, and others
8. Malaysia
Next on the list of the cheapest countries to live in the world is Malaysia. It costs around $588 for monthly accommodation, food, and other expenses. This is a modern country where people are so friendly, and the crime rate is low. Malaysia is not so big, yet it consists of Thirteen states and three federal territories. Here in Malaysia, eating costs nothing as you can enjoy a beer for only $1.87 and a basic meal for $1.70.
Currency: Malaysian ringgit
Cheapest City: Kuala Lumpur
Cost of Living: Housing: $200, $Food: $150, Transportation: $70, Entertainment: $80, and others
7. Mexico
Located in the Southern part of the United States, Mexico is fourth among the cheapest countries to live in the world. It shares borders with the Pacific Ocean, Guatemala, Belize, and the Gulf of Mexico. The fifth-largest nation in America, Mexico, gives shelter to over 129 million people. Most of these follow Catholicism, yet it is considered one of the cheapest and safest places to live in the world.
Currency: Pesos (MXN)
Cheapest City: Queretaro
Cost of Living: Housing: $256, $Food: $100, Transportation: $50, Entertainment: $80, and others
6. Peru $543
The 6th cheapest country to live in the world, Peru is a Spanish-speaking country and worth visiting if you are looking for some beautiful yet cheapest countries to live in.
With an average cost of living around USD 543 monthly, Peru is a popular tourist place known for its glorious natural delights. Bordering Ecuador, Colombia, Brazil, Bolivia, and the Pacific Ocean, Peru is a prosperous country to live in.
Around 32.17 million people live in Peru, making it one of the cheapest countries to live in the world. Additionally, the employment in Peru is too good. Being a popular tourist place, it gives amazing opportunities to earn and live happily.
Currency: Sol (pen)
Cheapest City: Arequipa
Cost of Living: Housing: $198, $Food: $80, Transportation: $50, Entertainment: $50, and others
5. Argentina – $542
Coming in at 5th on the list of the cheapest countries to live in, Argentina is as beautiful as heaven, still living in this splendid country costs merely $542 a month.
Bordering Chile, Bolivia, and the South Atlantic ocean, Argentina is a Spanish-speaking country. The eighth-largest country in the world has 44 million people residing in the mainland area of 2,780,400 Km square.
If you are looking for the cheapest countries to live in Europe, heading to Argentina might be the best option, but food might be a bit expensive. Check the cost of living here:
Currency: Argentine Peso
Cheapest City: Miramar
Cost of Living: Housing: $120, $Food: $100, Transportation: $40, Entertainment: $50, and others
4. Vietnam – $500
One of the most beautiful and peaceful countries in the world, Vietnam will cost you nothing but just $500 for a monthly living. It means you just either plan a one-month trip to this splendid place or just settle here.
One of the cheapest countries to live in the world, Vietnam shares its borders with China, Laos, and Cambodia – peaceful countries by far.
Vietnam is home to approximately 95.5 million people living across 331,212 kilometers. The capital city Hanoi is a tourist attraction, but Chi Minh is perhaps the most populated. Here are some other details about living in Vietnam.
Currency: Vietnamese dong
Cheapest City: Nha Trang
Cost of Living: Housing: $230, $Food: $50, Transportation: $40, Entertainment: $70, and others
3. Nepal – $450
India’s nearest country, Nepal, is one of the most peaceful and perhaps the cheapest country to live for Indians. Making 3rd place on the list of the cheapest countries to live in, Nepal lies in SouthEast Asia in the foothills of the Himalayas.
It has a total population of 29.3 million living across 141,181 kilometers. Bordering India and China, Nepal is the 48th largest country by population. Here’s how much it costs to live in Nepal.
Currency: Nepalese Rupee
Cheapest City: Kathmandu and Pokhara
Cost of Living: Housing: $200, $Food: $100, Transportation: $50, Entertainment: $80, and others
2. Bolivia – $431
Bolivia is a landlocked country, remotely settled in the Western part of South America and regarded as one of the cheapest countries to live in. Approximately 11.5 million people are currently living across 1,098, 581 kilometers. Although, it attracts thousands of tourists yearly – making it a sustainably rich country.
The 27th largest in the world, Bolivia is the 5th largest country in South America, and the first choice of American Indians, Africans, Asians, Europeans, and Mestizos. It was ranked among the cheapest countries to live in the world in 2020.
If you know Spanish as well, it would be a boon to live in Bolivia because Spanish is its official language. However, there are 36 other languages spoken in this country.
Currency: Bolivian boliviano
Cheapest City: La Paz
Cost of Living: Housing: $150, $Food: $30, Transportation: $50, Entertainment: $50, and others
1. Indonesia – $340
So, here is the winner of our listing of the cheapest countries to live in. Indonesia is a beautiful country offering a range of recreational activities.
The Republic of Indonesia lies between the Indian and Pacific Oceans in South-East Asia. Embracing around 17,000 islands, Indonesia is the world’s largest Island country and has a total population of around 264 million people. Additionally, you can visit amazing places, including Bali and Jakarta.
Currency: Indonesian rupiah
Cheapest City: Senggigi
Cost of Living: Housing: $125, $Food: $30, Transportation: $20, Entertainment: $40, and others
We hope you enjoyed our pick of the cheapest countries to live in the world. If you like this, then check out the Top 10 Most Engrossing Canal Cities In The World.